Investigating Innovative Technologies that can Prevent Fraud and Money Laundering

Our Client & Their Goals

Our Client, a global management consulting firm, was undertaking a major digital transformation project for a law enforcement entity tasked with preventing fraud. This law enforcement entity intended to prepare for the emerging threat of crimes such as fraud and money laundering, which are increasingly committed with digital technology.

Our Client did not have experience in this niche area, but recognised that their customer would require a detailed product development roadmap to effectively address these emerging threats. They requested that we support their work by assembling a world-class expert consulting team with specific knowledge of this technology area, and investigating the area for any recent breakthroughs. Their goal was to provide a complete roadmap to develop new anti-financial crime solutions, and to identify other entities, such as financial institutions, who could help combat these threats.

CamIn's Solution

We assembled a project team including two world-class experts: One of our experts possessed experience related to existing Artificial Intelligence (AI) technologies used to prevent fraud and money laundering activities. Our industry expert had comprehensive knowledge of the global best practices for law enforcement agencies’ integration and use of such technology. 

Our technology expert helped us complete technology forecasts that identified the major game-changing technologies that could help prevent fraud and money laundering activity over the next five years. Then, we identified what technologies criminals will use to commit fraud and money laundering, and what new state-of-the-art innovations law enforcement and financial institutions can use to prevent this activity. Lastly we identified early-stage innovations from two academic institutions and commercial products from two companies that offered the best technology assets and solutions to prevent fraud and money laundering activity.

Our industry team provided an analysis and forecast on specific actions that law enforcement and financial institutions could take to stay ahead of technology-driven financial crime. Our analysis evaluated solutions at the stage of crime detection and prevention, as well as those that could be used to dismantle technology-driven financial crime networks. Our analysis of best practices used in both the public and private sectors clearly demonstrated the specific benefits of investing into game-changing, near-future technologies.

Our client completed their digital transformation engagement with the law enforcement entity in just six months, preparing their customer to quickly adopt game-changing innovations to better prevent technology-driven financial crime.

The Impact

Working with our world-class expert consulting team, we were able to help our client quickly establish a product development roadmap for this highly specific technology-driven challenge. Our analysis identified certain emerging technologies that are likely to accelerate fraud and money laundering activities over the next five years. We also found innovative solutions that can prevent such activities, and the best practices for the adoption of effective financial crime prevention technology.

Our client completed their digital transformation engagement with the law enforcement entity in just six months, preparing their customer to quickly adopt game-changing innovations to better prevent technology-driven financial crime.